Current Attempt in Progress

Sheridan Bookstore had $500$ units on hand at January $1,$ costing $$8$ each. Purchases and sales during the month

January were as follows:

Sheridan does not maintain perpetual inventory records. According to a physical count, $375$Current Attempt in Progress

Sheffield Bookstore had $500$ units on hand at January $1,$ costing $$8$ each. Purchases and sales during the month of

January were as follows.

Sheffield does not maintain perpetual inventory records. According to a physical count, $375$ units were on hand at

January $31.$

The cost of the inventory at January $31,$ under the LIFO method is$.$

$$3750.$

$$3000.$

$$4500.$

$$3980.$ units were on hand at

January $31.$

The cost of the inventory at January $31,$ under the LIFO method is:

$$3240$

$$2160.$

$$2820.$

$$2700$